the Watson Health products will be available from www.merative.com(link residesoutsideibm.com). Hi Friend! Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Merative has market leading products, top clients and talented leadership, said McCarthy. On January 21, 2022, the International Business Machines Corp. (IBM) announced that it has agreed to sell a large portion of its Watson Health business to investment firm, Francisco Partners. With the commitment, support and deep experience of Francisco Partners, we will invest heavily in expanding the reach of these products as we continue to work with clients to improve healthcare delivery, decision making and performance., Paul Roma, General Manager of the Watson Health business, will be transitioning to Senior Advisor to Francisco Partners. Enterprise Imaging* Whit Clay Francisco Partners completes buyout of IBM's Watson Health business Under the ownership of Francisco Partners, the new standalone company will be called Merative and be headquartered. All rights reserved. Cyber Monday gaming deal: Save on a Seagate PS5 external hard drive. Build an enterprise imaging environment with a scalable, AI-enabled infrastructure that centralizes data. Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and longstanding investors in the technology industry. The assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Learn about our leaders, who have decades of experience spanning the health industry. Francisco Partners is excited about the opportunity to partner with the team and employees at Merative to help them achieve their mission, bringing technology and expertise to clients across healthcare through industry-leading data and analytics solutions, said Ezra Perlman and Justin Chen of Francisco Partners. When the transaction closed, Merative became a standalone company. ARMONK, N.Y. and SAN FRANCISCO, Jan. 21, 2022 IBM and Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that the companies have signed a definitive agreement under which Francisco Partners will acquire healthcare data and analytics assets from IBM that are currently part of the Watson Health business. Headquarters and offices McCarthy said, Paul has been instrumental in driving crucial transformation of the business. Merative helps clients orient information and insights around the people they serve to improve healthcare delivery, decision making and performance. WHY IT MATTERS Financial terms of the deal were not disclosed by the companies involved, but Bloomberg reports the price tag was more than $1 billion. For more information on Francisco Partners, please visit www.Franciscopartners.com. 121IBMFrancisco PartnersWatson HealthHealth InsightsMarketScan . IBM stood up Watson Health as a separate business unit in 2015 with the goal of using data to help doctors, researchers and insurers solve some of healthcare's biggest problems. The business is being sold for an undisclosed price to Francisco Partners, a private investment firm, the companies announced on Friday. IBM remains committed to Watson, our broader AI business, and to the clients and partners we support in healthcare IT. According to reports, IBM made a series of. Source: Fierce Healthcare, by Heather Landi. 914-844-7847, Francisco Partners Meratives products will be organized into six product families, including Health Insights; MarketScan; Clinical Development; Social Program Management and Phytel; Micromedex, and Merge Imaging solutions. The deal, which was reportedly in the $1 billion range, turns over a bundle of assets including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex and some imaging software products to tech-focused investment firm Francisco Partners. However, the two parties did not disclose the financial terms of the acquisition. Francisco Partners' investment will provide Merative with significant resources and opportunities for new investment, acquisitions, partnerships, and growth. Watson Health was once one of IBM's "strategic imperatives," but it struggled to grow and faced criticism that the cognitive computing platform was costly and hard for customers to implement. But for its buyer, the scraps could offer a shot at success where IBM failed. McCarthy said, "Paul has been instrumental in driving crucial . Visit our Store Finder here to see our opening hours and contact details. Merative (formerlly assets under the IBM Watson Health businesses) is a combination of technologies helping organizations build a more resilient future. Learn more at www.merative.com. Financial terms of the deal were not disclosed at the time, but Bloomberg reported the price tag to be more than $1 billion . "Today's agreement with Francisco Partners is a clear next step as IBM . 0. With trusted technology and human expertise, the company works with clients to drive real progress. IBM and Francisco Partners announceda definitive agreement under which Francisco Partners acquired health data and analytics assets from IBM that were part of the Watson Health business. "Today's agreement with Francisco Partners is a clear next step as IBM becomes even more focused on our platform-based hybrid cloud and AI strategy . IBM Sells Some Watson Health Assets for More Than $1 Billion Francisco Partners will buy some healthcare data and analytics IBM is shedding some businesses as it focuses on hybrid-cloud. Check out the nearest Watsons Store near you for all your health and beauty needs! 2022: IBM acquired Octo Consulting, a digital transformation and IT modernisation services provider. All future information regarding With more than $30 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. IBM had built the business in part through acquisitions such as Truven Health Analytics, Phytel, and medical imaging company Merge Healthcare. McCarthy has been in healthcare information technology for 30 years, most recently serving as CEO of eSolutions, a Francisco Partners portfolio company, which exited to Waystar in October 2020. IBM has agreed to sell healthcare data and analytics assets that are part of its Watson Health business to investment firm Francisco Partners for an undisclosed sum. Watsons Brand Luxe Organix Fresh Quickfx Watsons Diapers Puritans Pride. All Rights Reserved. A San Francisco-based private equity firm with a broad portfolio of health care investments will soon be the. Accelerate clinical trials with a unified, cloud-based clinical data management system. "IBM remains committed to Watson, our broader AI business, and to the clients and partners we support in healthcare IT. IBM(Watson Health) . SAN FRANCISCO, June 30, 2022--Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that it has completed the acquisition of healthcare data and analytics assets that were part of IBM's (NYSE: IBM) Watson Health business, previously announced in January. The deal, which was originally announced on. Careers Investment firm Francisco Partners has completed its acquisition of healthcare data and analytics assets that were part of IBM's Watson Health. The deal is expected to close in the second quarter of this year. ARMONK, N.Y. & SAN FRANCISCO, January 21, 2022 -- ( BUSINESS WIRE )--IBM (NYSE: IBM) and Francisco Partners, a leading global investment firm that specializes in partnering with technology . Technology giant IBM will be selling its healthcare data and analytics assets, which is part of the Watson Health Business to global investment firm Francisco Partners. Once Arvind Krishna took the helm as IBM CEO in 2020, he turned his focus to higher-margin businesses like AI and cloud. companies have signed a definitive agreement under which Francisco Partners will acquire healthcare data and analytics assets from IBM that are currently part of the Watson Health business. IBM has agreed to sell its healthcare data and analytics assets that are part of its Watson Health unit to Francisco Partners, a global investment firm, for an undisclosed price. "IBM remains committed to Watson, our broader AI business, and to the clients and partners, we support in healthcare IT. Francisco Partners, to which a part of IBM Watson Health has been sold off, was established over 20 years back. After struggling to grow the business unit and turning its focus to higher-margin businesses, IBM finally sells parts of Watson Health. IBM Watson Health is now Merative Visit merative.com General information IBM and Francisco Partners announced a definitive agreement under which Francisco Partners acquired health data and analytics assets from IBM that were part of the Watson Health business. Under the ownership of Francisco Partners, the new standalone company will be . we equip you to harness the power of disruptive innovation, at work and at home. Financial terms . Merative, formerly IBM Watson Health, is a standalone company as of 2022. Under the terms of the agreement, the current management team will continue in similar roles in the new standalone company, serving existing clients in life sciences, provider, imaging, payer and employer, and government health and human services sectors. IBM and Francisco Partners have signed a definitive agreement for the deal, according to the companies this month. Suzanne Kreiter/Globe Staff/file International Business Machines Corp. agreed to sell part of its IBM Watson Health business to private. IBM (NYSE: IBM) initially explored putting IBM Watson Health up for sale in early 2021, seeking approximately $1 billion. IBM remains committed to Watson, our broader AI business, and to the clients and partners we support in healthcare IT. The companies did not disclose financial terms of the deal, but previous reports said IBM was seeking a price in the $1 . When you access the non-IBM Web sites, even though they may contain the IBM logo and content regarding IBM's products and services,such Web sites are independent of IBM and IBM makes no representations or warranties regarding the content and has no control over the operation of such non-IBM Web sites. This brings the Watson Health assets into an investment house with a . Remote work is here to stay. Improve access to health programs, benefits and social services so people can live their best lives. Formerly IBM Watson Health, Merative became a new standalone company under Francisco Partners ownership in 2022. Terms weren't . True Wind Capital and Sixth Street are investing in Merative. IBM Watson Health: From Winning "Jeopardy!" to Private Equity Robert (Bob) Krohn Michael Dortch IBM confirmed it is selling off part of its Watson Health business to private equity firm Francisco Partners. IBM's Watson Health is being sold for parts. - IBM What is Amazon Business and how do I use it? IBM will sell its Watson Health business to global investment firm Francisco Partners. tfdavids@us.ibm.com Clinical Development* MarketScan* Gain insights from integrated, patient-level claims data from 273 million unique patient lives. For Francisco Partners & Merative:Whit Claywclay@sloanepr.com, Francisco Partners Completes Acquisition of IBMs Healthcare Data and Analytics Assets; Launches Healthcare Data Company Merative, Explore careers with our portfolio companies. To Continue. Now, they've unveiled the company's new name: Merative. For more information about IBM visit, www.ibm.com. IBM has reached a deal to sell the healthcare data and analytics assets from its Watson Health business to investment firm Francisco Partners, the companies announced Friday. IBM is selling most of its Watson Health division to private equity firm Francisco Partners, creating a new standalone healthcare entity and giving both companies (IBM and the former Watson Health) a much-needed fresh start. They'll serve their existing clients in life sciences, provider, imaging, payer and employer, and government health and human services sectors. IBM on Friday announced a deal with Bay Area-based Francisco Partners to sell off healthcare data and analytics assets from its Watson Health business. wclay@sloanepr.com, Upon close, acquisition to position new standalone company for next phase of growth, IBM Named a Leader on Gartner Magic Quadrant for IT Services for Communication Service Providers, Worldwide. Seasoned healthcare CEO Gerry McCarthy has been tapped to lead the new organization. The highly anticipated sell-off includes data sets and analytics products such as Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex and imaging software offerings. The deal includes data sets and products such as Health Insights, Clinical Development, MarketScan, Micromedex, and Social Program Management, along with imaging . 2022: IBM announced that it would sell Watson Health to the private equity firm Francisco Partners. IBM announced that it is selling its healthcare data and analytics assetspart of Watson Healthto global investment company Francisco Partners. Deutsche Bank served as exclusive financial advisor and Kirkland & Ellis LLP served as legal advisor to Francisco Partners. Under the ownership of Francisco Partners, the new standalone company will be called Merative and will be headquartered in Ann Arbor, Michigan. January 21, 2022 By Chris Newmarker. Francisco Partners has extensive experience in healthcare technology and its healthcare investments have focused on companies that are leveraging technology to provide innovative products and solutions to the healthcare ecosystem including patients, providers, payers, pharma, life sciences and governments. The Details - Francisco Partners will acquire Watson Health's data and . Padmanabhan said it will be interesting to see how the new owners are able to leverage those data assets. SAN FRANCISCO--Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that it has completed the acquisition of healthcare data and analytics assets that were part of IBM's (NYSE: IBM) Watson Health business, previously announced in January.. 0. Paul Roma, General Manager of the Watson Health business, will be transitioning to Senior Advisor to Francisco Partners. IBM sold Watson Health in July 2022 to Francisco Partners as Merative . Learn more about Merative - a technology, data and analytics partner for the health industry. Support informed, evidence-based clinical decision making, drug supply chain management and patient education. McCarthy said, "Paul has been instrumental in driving crucial . Francisco Partners plans to turn these assets into a standalone company under the current management team. The technology giant has agreed to sell the division's data and analytics assets to private equity firm Francisco Partners. - Today, IBM announced it has sold off healthcare data and analytics assets from IBM that are currently part of the Watson Health business to global private equity firm Francisco Partners.The . IBM said the assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex, and imaging software offerings. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. January 21, 2022 08:00 AM Eastern Standard Time. The company. Store Finder Page Other Services Store Locator . Leadership. Data are from publicly available sources and IBM Watson Health (formerly Truven Health Analytics). Manage health and social programs, including eligibility, benefit management and family support programs. Your Account. Financial terms of the deal were not disclosed. Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and longstanding investors in the technology industry. (File image: iStock) IBM has announced to sell healthcare data and analytics assets from the company (currently part of the IBM Watson Health business) to Francisco Partners, a leading global . And over the past decade, IBM has spent billions scooping up businesses - Merge Healthcare, Phytel, Explorsys, Truven Health Analytics and others - to build out the Watson Health portfolio. Product families offered by Merative include: Health insights* The transaction is expected to close in the second quarter of this year and is subject Through this transaction, Francisco Partners acquires data and analytics assets that will benefit from the enhanced investment and expertise of a healthcare industry focused portfolio." Through this transaction, Francisco Partners acquires data and analytics assets that will benefit from the enhanced investment and expertise of a healthcare industry focused portfolio.. 2022 Francisco Partners. Our company About us. Private equity firm Francisco Partners is buying a large portion of the AI healthcare unit for "more than $1 billion". International Business Machines Corp. on Friday said it agreed to sell the healthcare data and analytics assets of its Watson Health business to . We, TechCrunch, are part of the Yahoo family of brands. These open source tools help companies spot bias in advertising, IBM promises a 4,000 qubit quantum computer by 2025. IBM launched Watson Health in April 2015 to offer cloud-based access to the company's Watson supercomputer for analyzing healthcare data. IBM is selling parts of its Watson Health Unit to the global investment firm Francisco Partners, the companies confirmed Friday. We look forward to supporting the talented employees and management team, helping the standalone company focus on growth opportunities to realize its full potential, and delivering enhanced value to customers and partners.. On January 21, 2022, IBM said it will hand health care data and analytics assets from its Watson Health business to private equity firm Francisco Partners in a deal reportedly worth around $1 billion. The move comes as IBM CEO Arvind Krishna seeks to improve the company's revenue mix while abandoning certain businesses that often didn't fulfill their promise under IBM's ownership. IBM Watson Health is now Merative Combining data, technology and expertise to transform health Explore Merative See how AI impacts healthcare Watson Health News: Francisco Partners invests in healthcare data and analytics Get the details Overview Why Watson Health? Terms weren't disclosed, although Bloomberg values the deal at more than $1 billion. IBM manages to divest its Watson Health unit: Francisco Partners is buying the asset, though we don't know for how much. "IBM remains committed to Watson, our broader AI business, and to the clients and partners we support in healthcare IT. IBM is selling parts of its Watson Health Unit to the global investment firm Francisco Partners, the companies confirmed Friday. IBM chairman and CEO Arvind Krishna says it offloaded Watson Health this year because it doesn't have the requisite vertical expertise in the healthcare sector. THE LARGER TREND IBM announced the deal this past January to sell off the healthcare data and analytics assets of its Watson Health business to Bay Area-based Francisco Partners. IBM (NYSE: IBM) announced today that it will sell healthcare data and analytics assets from its Watson Health business to Francisco Partners. IBM reportedly shopping Watson Health just as healthcare gets hot Francisco Partners plans to build a new standalone company with these assets, and in a somewhat surprising move, given. Social Program Management* Health . By Colin Kellaher. Find out more about how we use your information in our privacy policy and cookie policy. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Some of the companies in which Francisco Partners has invested include Landmark, QGenda, Trellis, and Zocdoc. Financial details of the deal, which is expected to close in the second quarter of 2022, have not been disclosed. So why is everyone still getting it so wrong? "IBM remains committed to Watson, our broader AI business, and to the clients and partners we support in healthcare IT. Through this transaction, Francisco Partners acquires data and analytics assets that will benefit from the enhanced investment and expertise of a healthcare industry focused portfolio.". Micromedex* Another non-surprise, since we knew early in January [] that Watson Health was on the exit side of the IBM ledger.Francisco Partners, a private equity company, is picking up the healthcare and data analytics assets of Watson Health.These include, according to the joint release, "extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social . 2022 ZDNET, A Red Ventures company. The rebranding aligns with the closing last week of IBM Watson Health's sale to San Francisco-based private equity firm Francisco. Merative brings together market-leading offerings that deliver value across the global healthcare ecosystem, serving clients in life sciences, provider, imaging, health plan, employer, and government health and human services sectors. Through this transaction, Francisco Partners acquires data and analytics assets that will benefit from the enhanced investment and expertise of a healthcare industry focused portfolio." Ibm Watson: The assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Management . Watson Health is committed to helping build smarter health ecosystems. We have followed IBMs journey in healthcare data and analytics for a number of years and have a deep appreciation for its portfolio of innovative healthcare products, said Ezra Perlman, Co-President at Francisco Partners. IBM Corp. is selling its healthcare data and analytics business, part of Watson Health, to the global investment firm Francisco Partners, the companies announced Friday. The takeover "is a clear next step as IBM becomes even more focused on our platform-based hybrid cloud and AI strategy," Tom Rosamilia, senior vice president, IBM Software, told Bloomberg. :"IBM's Watson Health is being sold for parts. True Wind Capital is a San Francisco-based private equity firm focused on investing in leading technology companies, and the team has a long-standing track record of partnering with healthcare businesses. The technology giant has agreed to sell the division's data and analytics assets to private equity firm Francisco Partners. Sixth Street is a global investment firm that uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes and offer solutions to companies across all stages of growth. Launched in 2015, Watson Health's goal was to revolutionize medicine through AI. Store Finder Page. Todays agreement with Francisco Partners is a clear next step as IBM becomes even more focused on our platform-based hybrid cloud and AI strategy, said Tom Rosamilia, Senior Vice President, IBM Software. January 31, 2022. Merative provides industry-leading data, analytics, and AI solutions to help providers, payers, governments, and life science companies modernize operations and get more value from ever . Private equity firm Francisco Partners is acquiring portions of the struggling IBM Watson Health business. When the transaction closed, Merative became a standalone company. Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. SAN FRANCISCO--Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that it has completed the acquisition of healthcare data and analytics assets that were part of IBMs (NYSE: IBM) Watson Health business, previously announced in January. Financial terms of the transaction were not disclosed. The assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex, and imaging software offerings. His relentless focus on customers has laid a solid foundation to build on, and we thank him for his leadership.. Select current and past investments in the sector include Availity, eSolutions, Capsule, GoodRx, Landmark, QGenda, Trellis, and Zocdoc. Analyze, visualize and report complex data with an integrated data warehouse and analytics portfolio. The lobby of IBM Watson Health in Cambridge. Terms were not disclosed. Watson Health was set up as a separate business in 2015 . The deal is expected to close in the second quarter of. Prior to eSolutions, Gerry was the President of TransUnion Healthcare and an executive at McKesson. 2022: IBM acquired Databand, a provider of data observability software. For more information on Francisco Partners, please visit www.Franciscopartners.com. Click Manage settings for more information and to manage your choices. We appreciate IBMs work in developing this business, and our ownership will help Merative drive crucial focus in executing on organic and inorganic growth strategies.. IBM Paul Roma, General Manager of the Watson Health business, will be transitioning to Senior Advisor to Francisco Partners. Member . Francisco Partners scoops up bulk of IBM's Watson Health unit, valued at around $1bn January 25, 2022 Updated: January 25, 2022 1 Min Read In what has to be considered an anticlimactic ending, IBM sold off the data assets of its Watson Health unit to private equity firm Francisco Partners today. IBM (NYSE: IBM) and Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that the companies have signed a definitive agreement under which Francisco Partners will acquire healthcare data and analytics assets from IBM that are currently part of the Watson Health business. The transaction is expected to close in the second quarter of this year and is subject to customary regulatory clearances. The transaction is expected to close in the second quarter of 2022 and is subject to customary regulatory clearances. In addition, a link to a non-IBM Web site does not mean that IBM endorses that Web site or has any responsibility for the use of such Web site. Posted on January 26, 2022. These include data sets and products like Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex and imaging software offerings. You can change your choices at any time by visiting your privacy controls. In brief IBM has offloaded healthcare data and analytics assets from its Watson Health business to private equity firm Francisco Partners. "Today's agreement with Francisco Partners is a clear next step as IBM becomes even more focused on our platform-based hybrid cloud and AI strategy," Tom Rosamilia, SVP of IBM Software, said in a statement. The sale is apparently intended to reduce distractions from IBM's growing focus on cloud computing and artificial intelligence (AI). IBM has announced that it has entered into an agreement to sell its Watson . Talking at stock market analyst Bernstein's 38th Annual Strategic Decisions Conference, the big boss was asked to outline the context for selling the healthcare data and analytics . IBM announced today that it has sold its Watson Health data and analytics assets to private equity firm Francisco Partners. January 24, 2022 Jake Fishman 2 min read. Through this transaction, Francisco Partners acquires data and analytics assets that will benefit from the enhanced investment and expertise of a healthcare industry focused portfolio." Here's what it means, How the company is helping schools build up their ransomware defenses, IBM acquires Randori to streamline threat detection, bolster XDR offerings, costly and hard for customers to implement, Do Not Sell or Share My Personal Information. Tim Davidson ARMONK, N.Y. and SAN FRANCISCO The investment firm Francisco Partners is set to acquire to health care data and analytics assets from IBM that are part of the Watson Health business. Armonk, NY and San Francisco, CA January 21, 2022 IBM (NYSE: IBM) and Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that the companies have signed a definitive agreement under which Francisco Partners will acquire healthcare data and analytics assets from IBM that are currently part of the Watson Health business. Jan 21, 2022 5:31 AM PST. Under the agreement, Francisco Partners will acquire specific healthcare data and analytics assets that are part of the Watson Health business. IBM built a market leading team and provides its customers with mission critical products and outstanding service., Justin Chen, Principal at Francisco Partners, added, Partnering with corporations to execute divisional carve-outs has been a core focus of Francisco Partners. To date, the organisation has invested in over 400 technology companies with extensive experience in healthcare technology. The Armonk, N.Y.-based company said the assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical . With more than $45 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. ARMONK, N.Y. & SAN FRANCISCO-- ( BUSINESS WIRE )--IBM (NYSE: IBM) and Francisco Partners, a leading global investment firm that specializes in . Merative is a data, analytics and technology partner for the global health industry including providers, payers, life sciences companies and governments. July 7, 2022 Headquartered in Ann Arbor, Michigan, Merative will be led by healthcare IT exec Gerry McCarthy David Raths Investment firm Francisco Partners has completed the acquisition of IBM's Watson Health business announced in January and rebranded it as a new standalone company called Merative. Merative offers products and services that help clients facilitate medical research, clinical research, Real world evidence, and healthcare services, through the use of artificial intelligence, data analytics, cloud computing, and other advanced information technology. The Financial terms of the transaction were not disclosed, but Bloomberg reports a price tag of over $1 billion. Global investment firm Francisco Partners is acquiring the healthcare data and analytics portion of IBM's Watson Health business, including Health Insights . The Watson push seems to be stumbling to a conclusion, selling. Best cheap tech gifts under $50 to give for the holidays, Best robot toys for your wide-eyed kids this holiday, Top tech gifts on Amazon this holiday season, 5G arrives: Understanding what it means for you, Software development: Emerging trends and changing roles. Tom Rosamilia, senior vice president of IBM Software, said: "Today's agreement with Francisco Partners is a clear next step as IBM becomes even more focused on our platform-based hybrid cloud and AI strategy. Francisco Partners is acquiring healthcare data and analytics assets from IBM. Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and longstanding investors in the technology industry. By Chris Ehrlich. "IBM's decision to sell the Watson Health assets is not an indictment of the promise of AI in healthcare," he said, adding that AI was one of the top technology investments for health systems in 2021. Continue to merative.com** link resides outside ibm.com. In 2018, IBM laid off a percentage of its Watson Health workforce. 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